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20121224
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English 29
Search Results 0 to 28 of about 29 (some duplicates have been removed)
LINKTV
Dec 28, 2012 7:00pm PST
to stop the economy falling off the fiscal cliff. talks are taking place before tax rises and spending cuts come into effect on january 1. the woman who's a gang rape sparked mass protest in india has died in hospital. doctors treating the 23-year-old say she was showing signs of severe organ failure before her death. thousands of iraqis are protesting, accusing administration of marginalizing them. the so-called fiscal quiff threatening the u.s. economy. have we are joined by an economics columnist with the washington newspaper. he says without an immediate deal, the discussion will significantly change in the new year. >> i think what we will see from the republicans is much greater flexibility as we get into the new year, if it comes to that. and, instead of voting for a tax increase, they are voting for a tax cut. the same policy, when you are voting for it on january 4, would be a tax cut. today, it would be a tax increase. it is a weird way of thinking about it, but we are a strange land, in terms of u.s. policy right now. heather is a sense the entire dynamic would change if we
MSNBC
Dec 28, 2012 10:00am PST
implications to the economy. much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to negotiate over that. i'm not going to allow that kind of threat to the credit worthiness of the greatest economy in the world. >> yet, that's where all of the republicans want to have their next fight. >> that's where they want to have the fight. give it to them or not. i suspect he won't. >> quite a few days followed by quite a few months. thanks so much for joining us. we appreciate it. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me
MSNBC
Dec 26, 2012 9:00pm PST
ceiling. a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings institution. thank you fo
FOX News
Dec 28, 2012 10:00am PST
the fiscal cliff will have on the economy and have on consumers and potentially lead us back into as you mentioned what a lot of economists believe, another recession. gregg: what happens when fourth quarter earnings come out? >> nobody is really talking about this. companies, fourth quarter ends in a few days from now. we haven't had many warnings come from companies but when you see consumer confidence falling, mastercard came out with their numbers on holiday sales only increasing .7%. well below estimates and historical averages and consumer is 70% of the economy we'll see a wave of corporations come out earnings in middle of january, end of january, come out much lower than expectations. as senator corker talked about today, the markets have held up very well throughout this, because a lot of people on wall street including myself believed a deal would get done before the end of the year. that is looking less and less likely. if nothing gets done you will see the market tank, less consumer spending. gregg: if consumer spending is 70% of the american economy, and it is clearly, this
CNBC
Dec 28, 2012 9:00am EST
-called fiscal cliff, our economy is coming back, but it's still very tenuous. this is the last thing that we want to see happen, and both sides need to get together and work this out. >> mayor parker, have you taken a stand on where you think the negotiations should go at this point? whether it be on the union side or the maritime side? >> i'm a big believer of doing negotiating at the bargaining contain table. i have to do a lot of negotiations with my unions. they just need to get back together and work this out. the crux of the matter is on royalty payments that were put in decades ago to soften the blow of moving to automated containerized ar ccargo. it's certainly time to move forward to a new agreement. you can't just cling to the past forever, but both sides are going to have to give and move this forward. this is bad for the u.s. economy. and it will have ripple effects around the world. >> mayor parker, thank you for your time. >> we're down 83 on the dow. let's get a market flash back at hq. brian? >> simon, some pending home sales came in high. in fact, the highest level in two an
CSPAN
Dec 29, 2012 6:00am EST
on the horizon. right now, the country's attention and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as no different than -- make us no different than the house of representatives, and of course would reduce us in many respects not to irrelevance in the minority party. here is the problem. on one side, the majority leader and the democrats are frustrated by their inability to move forward with legislation. every time there is an opposition to a motion to proceed, which takes days and then they proceed, and that has made the united states congress -- one of the reasons why the united states congress is judged the least productive congress since the year 1947. so, understandably the majority is
CNBC
Dec 26, 2012 12:00pm EST
the blame game, when numbers don't turn out to be what people wanted, sandy and the fiscal cliff, we may hear other excuses come down the pike, are they legit or is it real just looking forex cus? >> i think as always true, it's a combination of the two. the economy hasn't been good for quite some time so to blame the economy is probably reaching for straws. having said that, there are some legitimate things going on that have influence. one significant one people are overlooking is i believe finally next year what's called a main street fairness act is going to pass congress. what that means is amazon and others like them are going to have to begin collecting sales taxes in states across the country and don't underestimate the significance of that. if you live in new york city and you're paying close to a 10% sales tax even though when you buy something online you would be the first to pay it, if that playing field gets leveled i think you'll see a significant movement not so much to the retail stores of the ter rest stree al retailers but to their websites. people like staples, walmart
FOX News
Dec 28, 2012 3:00pm PST
-minute agreement, none will see the picket signs sunday. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victim
CNBC
Dec 26, 2012 1:00pm EST
and really clarified what the fiscal cliff means to personal finance. that debate really seems to be acting, it's almost creating a sense of gravity that's pulling down different elements of the economies. >> now, remember what they're reporting here is a 0.7% gain in sales year on year. it's not about margins, not about excess inventory, not about how profitable they've been. that's why some of these stocks have fallen to an even greater extent as you can see. macy's, coach, gap, sears and nordstrom in negative territory. this is the first read we've had on the sales for the season until these guys come through one by one with their own figures. >> that's right. virtually every retailer down at this hour. weak sales of course heading into the holidays, but will retailers see a post-christmas bump? jane wells live at the grove in los angeles where card-carrying shoppers are looking for deals. >> reporter: people are here carrying bags in for returns, carrying bags out with new purchases, but some retailers are actually developing entire strategies for what's happening starting today. macy's
CNBC
Dec 28, 2012 3:00pm EST
will join us next live with his fears of what happens if a fiscal cliff deal does not get done and fast. >> i'm the founder and ceo of unilife corp rage. if the fiscal cliff issue doesn't get resolved, there's no question the usa economy is going to go into recession. we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform
MSNBC
Dec 28, 2012 3:00am PST
the fiscal cliff. the hope is both sides can agree to a compromise to prevent the economy from sliding back into recession. judging from the rhetoric on capitol hill, there's a long way to go. here's the day on the hill. >> if we go over the cliff we'll be left with the knowledge that could have been prevented with a single vote in the republican-controlled house of representatives. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker not allowing the vast majority of the house representatives to get what they want. >> we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> it is somewhat like taking your child hostage and saying to somebody else, i'm going to shoot my child if you don't do what i want done. you don't want to shoot your child. there's no republ
FOX News
Dec 28, 2012 6:00am PST
: maria mow lean a thanks. gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris vanhollen joins us next. pwhrafp [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. . patti ann: fox news alert, potentially good news for the nation's housing market. pending home sales, which measure homes that are in contract and about to be sold rose 1.7% in novemb
CNBC
Dec 26, 2012 3:00pm EST
who says his hiring plans for the new year will definitely be affected by the fiscal cliff, and get this, he also says health care costs could double for some groups by 2014 due to obama care. we've got aetna's ceo coming up next. >>> and also just what our economy needs right now. just how will harsh weather impact your money as we wrap up the year? we'll break it all down for you right here on cnbc. cnbc. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and
ABC
Dec 27, 2012 1:40am PST
and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying, get off your couches, get back to washington, and get the deal done. >> sometimes it's not pretty you when you have to rush, but, hey, get it done. >>> still on the economy now, new signs of a turn around in the real estate market. for the first time since 2006, average housing prices may end the year on an upward trend. good news there for the economy. real estate prices in 20 cities wer
FOX News
Dec 28, 2012 3:00am PST
that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our tax for the next year or so. and potentially, after that we will rebound and all those automatic spending cuts will go into effect. >> juliet: we've been following this drama involving hobby lobby. the company plans to defy a federal mandate that came out. it required it to offer the morning after pill. and hobby lobby, the owners of the company say, but they don't want to do that. it defies what they believe. they're going to be defying this order. they're going to risk fines of up to $1.3 million per day because they said on principle, we can not do this. >> kelly: here is the reason why. they're a faith-based organization. even though they're in business. this is a faith-based business and this would go against their belief that they should not be involved in this k
FOX News
Dec 29, 2012 3:00am PST
for their businesses, should they buy a new computer, hire new people, the fiscal cliff is damaging the economy today. >> juliet: what are they doing? they don't know what to do. you have to act the at a certain point. are they laying people or, are they not moving? >> it's minimalist, do the least amount you can do at this point in time until you know what your tax liability is going to be. until you know what the economic outlook's going be to be. are we going to have another recession. >> juliet: how is that affecting them by doing the least, the least type of movement, i guess you could say? >> many of my members are not giving out bonuses, they're freezing pay, not hiring. that's what's happening on the main street america. and the fiscal cliff impacted already and main street small businesses are feeling that impact. if we go over the cliff, of course, it will be exacerbated and even worse, starting on january 1, the payroll taxes start going up and the rest of us. i think most small businesses people are convinced nobody in washington has a clue how to run a business, how to balance the books,
MSNBC
Dec 27, 2012 3:00am PST
also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise can't be reached by next week on those big unanswered issues. with both sides locked in the standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts and incomes below $250,000, prolong unemployment benefits, and delay those sweeping spending cuts. sam stein. >> yes. >> what happens in -- and it appears it will happen -- we go off the fiscal cliff for a few days? >> not much, is my understanding. kwb, over time, it will have much more of an impact, and it's unknown exactly what the market's psyche will do with respect to the government's inability to come together. with respect to the tax hikes, it won't be as bad as the rhetoric is suggesting early on. whether it's enough to actually get people to get back to the negotiating table -- because i agree with you, i think we're going to go over that deadline, that's the big question. what kind of political ramifications it will have. it's not as if yo
CSPAN
Dec 28, 2012 9:00am EST
, corporations. i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go
FOX News
Dec 27, 2012 3:00am PST
. doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you take a look at the impact of these tax hikes, at low income levels, a few hundred dollars. but for people make more than $500,000 a year, an average tax hike of $120,000 unless there is some kind of a fix. and finally, here is one possible solution, i guess. starbucks is telling all of their employees here in the dc area to write on every single coffee they make, come together. that is not just a tall order, but maybe a venty. i think a venty. >> kelly: that's really a good idea. not a good one, doug. >> clayton: thanks. what was your beverage of choice this morning? is that your coffee cup? >> juliet: all r
CSPAN
Dec 31, 2012 10:45am EST
what the fiscal cliff is. you have to understand that the president is telling you that it's a cliff and it's bad and everybody on television thinks, it's terrible to go over the cliff. what is the cloy in taxes going up b you if it's bad for taxes to go up for a bunch of people, why is it good for taxes to go up only on a smarl portion of people? you said, with they're rich, they can afford it. here's the problem. the rich pay most of the taxes in our country. the tap 2% pay half of the taxes so what you're saying is, they're rich and they can absorb it. but that's half of the nation's income will have increased taxes. you will take money from the productive sector, which is the private sector, and you will put it into the nonproductive sector, which is washington. so if you want ditching to dug and then to be filled up again, send more money to washington. but if you want jobs to be created, if you want the economy to thrive, you should want to leave that money in your community. it shouldn't matter to you whose money it is or who has it. you want that money, in my case we want tha
CSPAN
Dec 29, 2012 10:00am EST
. they talked about the need to reach a deal to avert the fiscal cliff. >> i've been working people of both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy. a plan that would protect the middle class, cut spending and ask the wealthiest americans to pay a little bit more. i will keep working with anyone who is serious about getting a comprehensive plan like this done. we are now just -- all tax rates are going up. a will get a lot smaller. it would hurt middle-class families and businesses that depend on your spending. congress can prevent it from happening. leaders are working on a way to prevent this tax hike on the middle class. if an agreement is reached i will urge the senate to hold an up or down vote to protect the middle class from the income- tax hike. it could pass both houses a bipartisan majority. but they still want to vote no, that is their prerogative. they shall let everybody else vote as well. we cannot afford a politically self-inflicted wound. the housing market is healing. the unemployment rate is the lo
CSPAN
Dec 26, 2012 7:00am EST
: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a politician. i do not believe that the republicans will give the president merely a tax increase on people over $250,000. there are not able to push that through the house with some spending cuts. that does not seem to make much sense. host: peter will be here for 40 minutes taking your calls and tweets about the u.s. economy. we continue to take a look at economic matters. our guest recently wrote about the debt limit. the headline in "the boston globe" -- do you agree with that sentiment? guest: i would hope it would not threaten the economy again. it is all bound up in this issue of curbing government spendi
CSPAN
Dec 25, 2012 7:00am EST
this economy on an upward trajectory. that is going to be difficult as you can see from these fiscal cliff negotiations. it is very difficult for lots of people to except on the republican side. it is widely understood without some investment in infrastructure or education and the like, our recovery may falter and then given what is going on in europe and much of the world, that would be bad news. i think the number one job is to keep us on good, sound, fiscal standing and he has to deal with some of these outstanding issues. then you move on and you start to see things like education and how we deal with education in this country and the need for reform continues to be out there. working with the education secretary, it is going to occupy a bitter moment for this president. americans believe in education and of the it is the first step on that ladder to upward mobility. that is going to be a challenge that this president has to deal with them than he has to find these issues and then define them in terms of common ground. host: juan williams joining us on this christmas day. joining us fr
CNBC
Dec 27, 2012 9:00am EST
the fiscal cliff. who will compromise and will a deal get done to save the u.s.'s economy? stay tuned to see who will rise above? >>> the dow is currently down 75 although we know president is going to land in an hour or so. who knows what the situation will look like by the time "fast money" comes around. >> we do know we will have the chairman of lion's gate. up 88% and give us a preview of the pipeline for 2013 and see if the stock can keep going. with the markets closed we will have a technical analyst on the market. looks like he is seeing a worse year for 2013. >> and then talk to italian conference members. >> absolutely. >> see you tonight. meantime, if you're just joining us, here's what you missed earlier on. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> we're going to raise taxes and we're going to cut spending. both of those things will have something of a debilitating effect of the growth of gdp this coming year. >> we hear a lot of press release politics coming from elected officials, who wants to go over the cliff and who doesn't. it's
CBS
Dec 28, 2012 7:00am PST
to vote on whatever fiscal cliff bill the senate passes one day before the deadline and warnings of a recession that the rahled wall street and consumer confidence. >> they know it will have a negative impact on the economy and they know it will have a negative impact on them and their families and they are expecting us to be here to work and we're not. >> reporter: real deadlines are approaching. 2 million americans out of work for more than six months start losing their jobless benefits tomorrow and the nation runs out of borrowing authority to finance our $16 trillion debt on monday. the treasury department says it can use extraordinary measures to avert default until february extraordinary, that's a word that might apply to this entire fiscal cliff situation. >> major garrett, thank you very much. >>> republican senator bob corker of tennessee has offered proposals in recent weeks to break the stalemate in congress. senator, good morning, good to see you. >> good morning, jeff good to be with you. >> are we going over the cliff? >> well it depends on wha
CSPAN
Dec 24, 2012 12:00pm EST
the estimates about the impact of unemployment insurance if it is not extended in the fiscal cliff talks? guest: it is negative. if they do not get -- they spend less, and that is bad for the economy. we know what the congressional budget office said. the $30 billion cost of extending these programs would generate $33 billion. that is because this money trickles through the system. that money is spent on food, housing, heating, all of those basic necessities and give us a multiplier effect. host: this is from the national unemployment law program. nearly 1 million workers will run out of state unemployment benefits without access by the end of the first quarter of 2013. take us through those numbers a little bit, and specifically that 1 million more workers, how they would be impacted. guest: there are two fundamental programs. the important thing about them, this is really what counts in this, is that they provide those additional benefits at that six- month mark. if workers don't get those additional benefits, and they will be forced into other kinds of government programs, like welfare. that
FOX News
Dec 30, 2012 3:00am PST
starting to see very positive trends. >> clayton: let's talk about the fiscal cliff. 'cause a number of factors in play here, number one, capital gains taxes moving forward and we saw a lot of investments and a lot of investors buying up. are you from phoenix in that neck of the woods? >> no, i'm in washington. both d.c. and seattle. >> clayton: and some of those investments, even in the d.c. area, we saw some investments in the outlying areas, but phoenix of course, vegas. investors coming in and buying up a lot of those properties down there, but how will the fiscal cliff affect investment going forward and maybe helping this recovery? because we're going to see a big increase in the capital gains taxes? >> that's right, it's going to have a bigger impact than i think analysts are predicting, maybe because they're numbers crunchers and not in the market. and fueling the momentum in the real estate markets, snapping up the foreclosure properties the last few years and the concern is they're going to be a little bit more conservative in their purchasing moving forward. and here is a
Search Results 0 to 28 of about 29 (some duplicates have been removed)